Coastal areas of Gandía. Nautical.

Gandia, the most profitable city to invest in housing

Gandía doubles its profitability in ten years, reaching 11.5% in June

Gandía has become the most profitable city for investing in real estate projects in the last decade. According to a recent study, profitability in this city reached up to 11.5% in June 2023.

The real estate landscape has undergone a change post-pandemic across Spain, especially in coastal cities like Gandía, making it an opportunity for investors in residential properties.

Imagen de Valoración Vivienda

Attractive profitability

The coastal city of Gandía has experienced an increase of more than 6 percentage points from 2013 to 2023. In our opinion, this is due to many properties coming onto the market at prices that buyers are willing to pay.

The profitability of housing has gone through various scenarios over the past ten years, and coastal cities in Spain have seen a post-pandemic shift that increasingly makes investing in these types of homes appealing.

An example of this is Gandía, in Valencia, which has seen its profitability soar to 11.5% in June 2022, 6.2 points higher than ten years ago (June 2013).

These figures are based on the analysis “Profitability in Coastal Municipalities in Summer 2022” conducted by the real estate portal Fotocasa, which indicates that Spain’s profitability stood at 6.9% mid-2022.

Gandía, the most profitable city for investing in real estate
Interest in coastal areas
“In the last ten years, the growth of profitability in coastal areas has been exponential due to the rise in rental prices.” — Fotocasa

Coastal areas are certainly more in demand than other locations, even post-pandemic. Cities like Gandía are among the most sought after by foreigners looking to explore and purchase properties in the Levante area, or by individuals who wish to safeguard their financial assets amid global circumstances.

This has led to an increase in interest for searching homes to invest in along the coast, whether for rental, vacation rental, or secondary residences.

Gandía beach is wide and enjoys beautiful sunrises, attracting those who appreciate stunning dawns.

Gandía, the most profitable city to invest in real estate.

Real estate, an unbeatable value

Over the years, despite various crises, the growth of purchasing homes as an investment continues to thrive. The past year demonstrates this. The Valencian Community ranks second among autonomous communities with the highest number of sales of used homes, and fourth in total sales in Spain — according to the 2023 Property Registry report.

Additionally, Valencia ranks fourth in used home sales.

On the other hand, an Idealista report indicates that property prices for sale have risen by +12.2% compared to the last 12 months (March 2023 – March 2024).

Thus, Gandía stands out as one of the favorite markets for investors and individual buyers, both national and foreign.

Why invest in real estate in Gandía, Spain?

Besides the above, Gandía’s location offers tourists a unique beach experience in the area. In 2023, the forecast for visitor numbers to the community exceeded 10.47 million foreign visitors, with expectations of further increases in the coming years.

Surrounded by mountains, sea, and tourist areas, it is a paradise yet to be fully explored.

In any case, we are here to help you find your property or sell your real estate anywhere in Gandía and the surrounding areas.

Yoe Riba, Agente inmobiliaria / Asesor de bienes raíces.
Yoe Riba
Asesor de Bienes Raíces en  |  + posts
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